eastern amer natural gas tr (NGT) Key Developments
Eastern American Natural Gas Trust Announces Its Intention To Delist Depositary Units From NYSE
May 15 13
Eastern American Natural Gas Trust announced that, in connection with the liquidation of the Trust, it has notified the New York Stock Exchange (the NYSE) of its intention to delist its Depositary Units from listing on the NYSE. May 24, 2013 will be the last day of trading of the Units on the New York Stock Exchange, and the Trust will be liquidated shortly thereafter. Accordingly, the Trust has requested the NYSE to file on May 28, 2013 a Form 25 with the Securities and Exchange Commission (the SEC) to delist its Depositary Units from the NYSE and to deregister the Depositary Units from Section 12(b) of the Securities Exchange Act of 1934, as amended (the Exchange Act). Immediately upon the filing of Form 25, the Trust will no longer be obligated to file certain Exchange Act reports with the SEC. The Trust expects the delisting of its Depositary Units to become effective on or about June 6, 2013. Delisting the Depositary Units from the NYSE will not affect distribution payments. The Trust also intends to file on June 7, 2013 a Form 15 with the SEC to suspend the Trust's reporting obligations under Section 15(d) of the Exchange Act.
Eastern American Natural Gas Trust Announces Earnings Results for the Quarter Ended March 31, 2013
May 8 13
Eastern American Natural Gas Trust announced earnings results for the quarter ended March 31, 2013. For the period, the company's distributable income was $6,175,860 ($1.0468 per trust unit), which included the $5,917,275 of proceeds received by the Trust as a result of the Trust’s sale of the Royalty NPI in January 2013.
Eastern American Natural Gas Trust Auditor Raises 'Going Concern' Doubt
Mar 15 13
Eastern American Natural Gas Trust filed its 10-K on Mar 15, 2013 for the period ending Dec 31, 2012. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Eastern American Natural Gas Trust Announces Quarterly Distribution, Payable on or Before December 14, 2012
Nov 8 12
Eastern American Natural Gas Trust announced that its distribution amount per unit for the quarter ended September 30, 2012 will be $0.1330 per depository unit. Based on the amount of distributable income for the quarter, the Trust anticipates that it will make a cash distribution on or before December 14, 2012 of $0.1330 per depository unit to holders of record as of the close of business on November 30, 2012.
Eastern American Natural Gas Trust Declares Distribution Amount for the Quarter Ended June 30, 2012, Payable on or Before September 15, 2012
Aug 2 12
Eastern American Natural Gas Trust announced that its Distribution Amount per Unit for the quarter ended June 30, 2012 will be $0.1352 per Depository Unit. The Trust anticipates that it will make a cash distribution on or before September 15, 2012 of $0.1352 per Depository Unit to holders of record as of the close of business on August 31, 2012.